U.K. Output Rises 0.8% in Second Quarter, Passing Precrisis Peak

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Jason Douglas and Nicholas Winning LONDON--Britain's economy finally overtook its prerecession peak in the second quarter, official estimates showed Friday, more than six years after a global banking crisis caused a sharp downturn. The Office for National Statistics said ...

Russian Markets Shrug Off Interest Rate Rise

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Josie Cox and Chiara Albanese Russian markets showed only a muted reaction to the central bank's decision to raise interest rates for the third time in five months Friday, even though the move was largely unexpected. Economists and strategists ...

Oil Futures Rangebound, Nymex Crude Trades Flat

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Eric Yep Crude-oil futures moved in a narrow price range in Asian trade Friday after dropping overnight on high stockpiles of gasoline in the U.S. and as markets await tighter sanctions against Russia. On the New York Mercantile Exchange, ...

Brazil's Consumer Confidence Increases in July

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Rogerio Jelmayer SAO PAULO--Brazil's main consumer confidence index rose for the second consecutive month in July, due to signs of slowing inflation and the positive effects of the World Cup, the Getulio Vargas Foundation, or FGV, said Friday. FGV ...

Euro-Zone Private-Sector Lending Improves Slightly

TODAY: July 25, 2014 PUB DATE: July 25, 2014

FRANKFURT--Private-sector lending improved somewhat in the euro zone in June though it remained below year-ago levels, the European Central Bank said Friday, suggesting that credit conditions are slowly starting to improve which may in turn boost the region's economic growth ...

Indonesia President Approves New Contract Terms With Freeport -Minister

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Linda Silaen and Deden Sudrajat JAKARTA, Indonesia--Indonesia approved new mining-contract terms for PT Freeport Indonesia Friday, according to government officials. The new contract was agreed to by President Susilo Bambang Yudhoyono. It is expected to be signed Friday by ...

U.S. June Building Permits Revised to -3.2% From -4.2%

TODAY: July 25, 2014 PUB DATE: July 25, 2014

U.S. building permits for June were revised to down 3.2% from May to a seasonally adjusted rate of 973,000, the Commerce Department reported Friday. June building permits were originally reported as being down 4.2% at a seasonally adjusted rate of ...

MARKET SNAPSHOT: U.S. Stocks Open Lower; Dow Falls Below 17,000

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- The U.S. stock market opened lower on Friday, weighed down by disappointing reports from companies such as Amazon.com and Visa Inc. Nonetheless, the main benchmarks were on track to ...

Russia Avoids Slipping Into Recession

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Lukas I. Alpert MOSCOW--Russia's economy grew 0.1% in the second quarter, meaning the country has avoided slipping into a technical recession, the economy ministry said Friday. Russia's gross domestic product shrank 0.5% in the first quarter as the economy ...

State Department Names New Energy Envoy -- Update

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Amy Harder WASHINGTON--The State Department on Friday named Amos Hochstein as acting special envoy and coordinator for international energy affairs, filling the position at a critical time for the Obama administration's energy diplomacy efforts. The State Department's Bureau of ...

EU Lines Up Sector-Wide Economic Sanctions on Russia -- Update

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Laurence Norman and Matthew Dalton BRUSSELS--European nations are coalescing behind a plan to impose wider economic sanctions on Russia as early as Tuesday, a top European Union official said Friday. The movement came after a meeting of ambassadors from ...

Destination Maternity Yanks Offer to Combine with Mothercare

TODAY: July 25, 2014 PUB DATE: July 25, 2014

LONDON--U.S. maternity apparel company Destination Maternity said Friday it doesn't intend to make an offer for Mothercare PLC and is withdrawing its proposal for a possible combination with Mothercare. On July 2, Destination Maternity made an announcement confirming its interest ...

India Blocks Agreement on Easing Global Trade Rules

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Peter Kenny and Eric Bellman GENEVA--India effectively blocked an international agreement on easing trade regulations, saying the effort to promote global trade should be linked to food security. At a meeting of the World Trade Organization in Geneva, India ...

Net trade surplus at SEK 5.2 billion in June

TODAY: July 25, 2014 PUB DATE: July 25, 2014

Press release from Statistics Sweden 2014-07-25 9:30 AM Nr 2014:434 Exports, imports and net trade balance, June 2014: Net trade surplus at SEK 5.2 billion in June In June 2014 Swedish exports of goods amounted to SEK 95.6 billion, while ...

Asian Shares Mixed, Toyko Helped by Soft Yen

TODAY: July 25, 2014 PUB DATE: July 25, 2014

Asian stocks were mixed early on Friday, with a weaker yen helping Japan lead the region higher at the end of a positive week. Japan's Nikkei Stock Average rose 0.5% as the yen softened against the dollar--a positive for the ...

MARKET SNAPSHOT: U.S. Stocks: Futures Lower; Amazon Tumbles

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures leaned lower Friday, as Amazon.com Inc. tumbled in premarket trade after disappointing results and Xerox Corp. and Starbucks Corp. also fell post-earnings. Futures had virtuallyno reaction ...

Geopolitical Turmoil Takes Toll on German Business Confidence -- Update

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Brian Blackstone FRANKFURT--German business sentiment slid markedly in July, a closely watched survey showed, suggesting that turmoil in Ukraine and the Middle East may weigh on Europe's largest economy. Other reports Friday, on German consumer sentiment and euro-zone bank ...

CURRENCIES: Euro Bruised After Weak German Sentiment

TODAY: July 25, 2014 PUB DATE: July 25, 2014

By Hiroyuki Kachi MADRID (MarketWatch) -- Weak German business-sentiment data underpinned the U.S. dollar on Friday, and weighed on the single European currency. The euro (EURUSD) last traded at $1.3452 from $1.3462 in late North America trading. The British pound ...

U.S. Durable Orders Up 0.7% in June

TODAY: July 25, 2014 PUB DATE: July 25, 2014

WASHINGTON--Orders for big-ticket manufactured goods rebounded in June, a sign that increased capital investment by businesses could boost U.S. economic growth heading into the second half of the year. Demand for durable goods--products like airplanes, cars, heavy machinery and appliances ...